Detailed Business Plan: Drink and Delight Organic Drink Venture, UK

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Added on  2022/12/29

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This document presents a business plan for 'Drink and Delight,' an organic drink company based in London, United Kingdom, aiming to provide healthy drinking alternatives. The plan includes an overview of the business, its marketing mix and STP analysis, justification for its investability, competitor analysis using Porter's Five Forces, and an evaluation of the business environment using PESTLE analysis. Financial projections are provided, outlining key expenses such as salaries, administration, marketing, rent, research and development, and maintenance. The plan concludes that a well-structured business plan is essential for guiding business operations, securing financing, documenting the business model, and initiating the firm's activities. Desklib provides access to this and other business-related documents to aid students in their studies.
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Table of content
Introduction
Overview of business
Marketing mix and STP analysis
Why business idea is investable and Competitors analysis
Evaluation of business environment
Financial projections
Conclusion
References
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Introduction
Business plan can be explained as a written document which describes detailed
overview of starting a business by evaluating its objectives and for achievement of
decided goals. It is an essential document for the purpose of attracting investment for
starting a venture. Business plan contains business goals, its achievement methods, and
time frame.
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Executive Summary
Idea is to provide healthy drinking alternative to customers as trend of people towards adopting a
healthy lifestyle is increasing nowadays. Hence, focus is on staring a small venture which provides
organic drink to its customers. Entity is named as 'Drink and Delight'.
Company overview:
'Drink and Delight' serves in a food and beverage sector as it is a organic drink company which is to be
situated in London, United Kingdom. 10 people are employed in an organization and it provides
operations in a local area of London.
Overview of business
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Marketing mix and STP analysis
Marketing mix can be indicated as a set of action plan or tactics which is utilised by a company for the purpose of promoting
its brand image or products in a market. Marketing mix of 'Drink and Delight' is explained below:
Product:
Price
Place
Promotion
STP analysis is a technique of strategic marketing which is applied in a business for identification of profitable segment with
the motive of targeting potential customers that leads top increment in profitability of an organization and ensuring effective
market recognition
Following is a STP analysis for 'Drink and Delight':
Segmentation
Targeting
Positioning
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Why business idea is investable and
Competitors analysis
Business idea of 'Drink and Delight' is investible because people are becoming more aware about
their health nowadays. Hence, it serves as an opportunity for company to fulfil demand of
healthy products of customers and earn high profit.
Competitor analysis refers to assessment of strengths as well as weakness of current or potential
competitors.
Porter's 5 forces
porter's five forces is a framework of business analysis which helps in identifying various factors
of competitive industries that enables managers of an organization in formulating efficient
strategies for improving sustainability and profitability of business in long run.
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Evaluation of business environment
PESTLE Analysis: PESTEL represents Political, Economics, Social, Technological, Environmental and
Legal factors.
Political
Economics
Social
Technology
Environmental
Legal
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Financial projections
PARTICULARS AMOUNT (in £)
Salaries 10000
Administration expenses 8000
Marketing expenses 10000
Rent 5000
Research and development cost 15000
Maintenance cost 2000
Total 50000
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Conclusion
Above report concludes that document of a business plan can be stated as a road map which
provides direction for business. This fundamental document is required to be evaluation before
starting of business operations. It serves as a key for securing of financing for an enterprise,
documentation of business model, financial projection outlining and initiating operations of a
firm.
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References
Ayodya, W., 2016. Business Plan Usaha Kuliner Skala UMKM. Elex Media Komputindo.
Cardozo, M., 2018. Specialty smoothie bar business plan(Doctoral dissertation, California
State University, Northridge).
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